Europe's largest asset manager Amundi & Spiko launch new tokenized mutual fund (SAFO) powered by Chainlink

Amundi and Spiko have launched the Spiko Amundi Overnight Swap Fund (SAFO), a tokenized fund built for corporate treasury and collateral management, with Chainlink providing the infrastructure to record the fund’s net asset value (NAV) onchain. The launch was announced by Amundi, which says it is Europe’s largest asset manager, and Spiko, a European fund tokenization platform; the fund is described as a tokenized sub-fund of SPIKO SICAV regulated under French law. SAFO is designed as a cash-equivalent instrument with 24/7 transferability, near-instant settlement, and availability in EUR, USD, GBP, and CHF, with subscriptions possible from as little as 1 unit in each currency. Amundi serves as delegated investment manager, CACEIS acts as depositary bank and fund administrator, and Spiko acts as transfer agent, tokenization platform, and broker; the shareholder register is hosted on Ethereum and Stellar, and the structure uses fully collateralized total return swaps with top-tier banks to generate yield above risk-free benchmarks. The story matters because it shows a major traditional asset manager moving a regulated fund product onto blockchain rails while keeping familiar fund governance and custody roles in place. It also highlights the growing use of blockchain infrastructure in tokenized funds, with Chainlink supplying oracle support for onchain NAV reporting and the fund’s architecture built to support broader distribution through APIs and additional networks over time.

✨ AI-generated background, compiled from web sources — not editorial content.

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